Oregon Mutual vs. State Farm: Which Company is the Best Fit for You?

Quick Facts

• In general, Oregon Mutual offers more affordable rates than State Farm
• Oregon Mutual tends to be a much cheaper option for policyholders who may not have much of a commute
• State Farm offers more discounts than Oregon Mutual

Oregon Mutual vs. State Farm: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Oregon Mutual or State Farm for your next policy, but which carrier will save you the most?

As you can see, State Farm has average rates that are about 15% per month more expensive than those from Oregon Mutual when looking at the national average rates for car insurance.

But that doesn't necessarily mean Oregon Mutual will be the more affordable option for every driver. Auto insurance companies vary their prices depending on things like how good your credit score is, where you live, how old you are, how clean your driving record is, and a variety of other factors. So, at the end of the day, premiums from each company will differ quite a bit from person to person.

Wanting to know if Oregon Mutual or State Farm is really the right carrier for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Oregon Mutual or State Farm: Average Car Insurance Rates by State

Oregon Mutual and State Farm only compete against each other in three states, with Oregon Mutual offering cheaper rates to the average driver in all of them. Washington has the most noticable difference, where State Farm prices are over 50% less expensive than car insurance rates at Oregon Mutual.

That being said, there's a lot more that goes into your insurance bill than just where you live. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance premiums of any other group of drivers. It's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. Just look at the table above -- where 18-year-old drivers who have Oregon Mutual for their auto insurance pay more than $10 less than those who use State Farm.

Even so, both carriers will offer you dramatically lower rates by the time drivers turn 25. For example, average premiums for Oregon Mutual policyholders reduce nearly $250 and State Farm's rates drop over $200 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the lowest insurance prices you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

So, which company offers the best rates to retired drivers? Oregon Mutual gets the slight edge here, with average premiums coming in at around $100 monthly compared to State Farm's $111.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive auto insurance prices than married policyholders. This usually boils down to married drivers having several cars on their policy -- something lots of insurance companies will reward with discounts.

When it comes to relationship status, Oregon Mutual is the clear winner for single drivers, with rates about $20 a month more affordable than State Farm, on average. The advantage for married couples with Oregon Mutual is also obvious, where drivers save more than 20% per month.

Oregon Mutual vs. State Farm: Average Rates by Gender

You may not know, but men generally pay more for car insurance than women do. This is because men are statistically more likely than women to get pulled over for speeding or get into an accident, which leads to increased risk for insurers and, therefore, higher premiums.

Women typically pay almost 10% a month less than men with Oregon Mutual, while with State Farm, the difference is closer to 7% per month.

When it comes to the most affordable prices for each gender, Oregon Mutual comes out as the cheapest option for both genders. On average, women save about $23 a month and men save around $23 with Oregon Mutual compared to the average State Farm policyholder.

Oregon Mutual or State Farm: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Insurance isn't the easiest topic to understand. There are so many different coverages and terms that it can make it pretty confusing to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which usually refers to having comprehensive and collision coverages in addition to what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, Oregon Mutual generally offers slightly less expensive rates of $97 compared to State Farm's $99. When it comes to full coverage policies with similar limits, Oregon Mutual again has the edge, with policies about $45 per month cheaper than State Farm, on average.

Is Oregon Mutual or State Farm Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with at-fault accidents and tickets on your record, but which of these two carriers offers the most affordable prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Oregon Mutual policyholders can expect their premiums to go up an average of $11 a month if they get a ticket, while State Farm usually raises prices around $21 per month, on average.

However, Oregon Mutual has less expensive premiums for drivers in both categories, offering rates that are 17% and 21% cheaper, respectively, compared to State Farm.

Which Company is Best for Drivers After an Accident?

Both companies will increase premiums pretty significantly if you get into an at-fault accident with State Farm increasing by just under $30. Oregon Mutual has a less extreme increase, but you can still expect to pay over $20 more than you were prior to your first collision.

Overall, Oregon Mutual offers the lowest rates for drivers with an at-fault accident on their records, with monthly prices averaging $133 compared to State Farm's $163.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- typically a lot more than an accident or speeding ticket. Oregon Mutual drivers usually see a 35% raise in their auto insurance premiums after a DUI charge, while State Farm will normally climb prices by about 25%.

How does Credit Score Impact Oregon Mutual and State Farm Rates?

You may not realized it, but your credit score can be used as one of the variables to calculate your monthly car insurance rates. Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for a lot of drivers.

The reasoning auto insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with more affordable prices.

Looking specifically at State Farm and Oregon Mutual, which one has the most affordable rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Oregon Mutual or State Farm Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a big impact on your monthly premiums? Typically, those who drive less will end up with less expensive prices since there's less of a chance of getting into a collision and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles every year, as well as those who average twice that figure, Oregon Mutual tends to be the cheaper option. Oregon Mutual's average rates for drivers with 6,000 annual miles come in around $19 more affordable than State Farm. Those who drive 12,000 miles annually can expect to pay about $27 less with Oregon Mutual over State Farm.

Oregon Mutual vs. State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a large impact on your monthly car insurance payment. Normally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because of the small number of cars that are on the roads in those areas.

Oregon Mutual tends to offer the lowest premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the cheapest rates from both carriers, but Oregon Mutual comes out on top with average prices around $115 per month. Oregon Mutual also has cheaper average premiums for drivers in urban and suburban ZIP codes -- a $34 and $23 a month respective difference when compared to State Farm policyholders in similar areas.

Oregon Mutual vs. State Farm Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many insurance discounts as you can.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you can take advantage of.

In the table below, we've compared all of the different discounts offered by Oregon Mutual and State Farm so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

State Farm knocks Oregon Mutual out of the park when it comes to the sheer number of discounts available, offering 23 different discounts to Oregon Mutual's 23.

Both companies offer a lot of the same discounts -- like anti-theft discounts, distant student discounts, discounts for being a good student, and multi-policy discounts -- but State Farm also offers ABS discounts, annual mileage discounts, drive safe & save discounts, and more that Oregon Mutual does not.

On the flip side, Oregon Mutual has a couple unique discounts of its own -- advance quote discounts, csl discounts, employee discounts, and more.

Final Thoughts: Is Oregon Mutual or State Farm Best for You?

So, we've broken down the average rates for many of the factors auto insurance carriers look at, and we've shown you all the discounts each carrier offers. But, at the end of the day, is Oregon Mutual or State Farm the right company for you and your specific driver profile?

Oregon Mutual might be best for you if....

• You're single and purchasing insurance by yourself.
• You live in an urban area.
• You are over 65 years old and want to save some money on your car insurance.

State Farm might be best for you if...

• You value the experience that comes with a large national insurance company.
• You have above-average credit.
• You're looking for the carrier with the most discounts.

We hope this guide has ben a valuable resource as you compare Oregon Mutual and State Farm and that it aids in making a more informed decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from a handful of companies, not just Oregon Mutual and State Farm. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Oregon Mutual vs. State Farm FAQs

Is Oregon Mutual or State Farm cheaper?

Looking just at the national average premiums, Oregon Mutual is the less expensive of the two companies, offering average rates of $135 per month compared to $158 for State Farm. That being said, Oregon Mutual won't necessarily be the lowest company for each policyholder, since there are several different variables that are considered when it comes to your car insurance cost.

Who is better, Oregon Mutual or State Farm?

Sadly, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for every driver -- it all depends on what your unique auto insurance profile looks like. For example, Oregon Mutual offers more affordable prices for drivers with a recent DUI, while State Farm is cheaper for drivers with excellent credit.

Why do Oregon Mutual and State Farm offer me different rates?

Car insurance carriers take a look at quite a few different factors when calculating the rates they charge drivers. Variables such as your driving record, age, where you live, gender, and sometimes even things like your credit score can all be used. Both Oregon Mutual and State Farm use different formulas, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from lots of different companies.

How do I know if Oregon Mutual or State Farm is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best auto insurance companies in your area. That way, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Oregon Mutual or State Farm at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.